In this second part, we discuss some of the powerful levers that the REA Group has at its disposal to increase its share of the Australian real estate industry economics. We also list the numerous other valuable real options it holds within its portfolio.
Contrary to popular mythology, technological disruption very rarely happens in a singular flash of brilliance. The image of a disheveled, genius tech founder, manically coding a brilliant new idea in a garage, has a disruptive vision, and lays waste to incumbent operators is a romantic notion. But unfortunately, it’s rarely true.